Government regulation on cryptocurrency, GOOD or BAD?

[Sofiyah]

I think the government give the regulation to accept cryptocurrency in a country, I think it's good news. little regulation to legalize crypto is no problem than continuously rejecting crypto that has become our advantage to its users. it would be great if the government accepted the crypto and provided the regulation, it would probably be good for the future as well.

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[repzaj]

i think if the government is already accepted and govern the cryptocurrency in some countries, its means the crypto is in a good situaation and hoping that all country will accept it.a

[qwirtiii]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

Cryptocurrency must need to accept by government because this have a lot of help in each of us.Even though it can has a bad effect like some of the terrorist funding in it and use the money for bad things.But I believe If cryptocurrency give a chance to be legal in all of the country it help to make some of things fast, no hassle and great future.

[millionaireshs]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

Regulation of Crypto Currency is good everytime we do process specially in bitcoin we don't hesitate to avail specially if it is available anywhere like mini mart, Department store, shipping lines, bus lines and also in Vendors around at least we are freely to use without hesitation.   

[ecnalubma]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

I am pro regulation and we need government intervention in this type of industry. In order to grow we need concrete laws, guidance and limitations if there's no any governing bodies that will protect investors then crypto will become a wild west for launderers and scammers.  After all these regulations and cleansing more positive things will come and investors will be more confident over cryptocurrencies.

[dewildance]

Japan has made great progress in this regard. I think Russian goverment is preparing a legal regulation nowadays.

[regnidorhcs]

The way I see it, regulations on crypto currency is one of the ways of the government to be able to legalize  crypto currency in their country. I also think that having a set of regulations implemented by the government would help people to gain more trust in investing and getting themselves into the crypto currency business. SO for me it is good.

[Sled]

It is a good thing for me because when the government is unleashing a regulation for cryptocurrency it means that they are interested for that thing and they will accept it and adapt it as one of the newest technology in their country and they are putting regulation on cryptocurrency because they want to set limitation to prevent unwanted events.

[munareal]

Regulation in cryptocurrency is a good thing. It will help minimize scam projects and KYC is also important through that scammers can be traced

[ylnar123]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

In my opinion, it is good if the government has no intention to leverage on our earnings in cryptocurrency. Regulations are made to insure security on our funds.

[agimat]

I think regulation mean that cryptocurrency is legal in that country.  So it is GOOD.

For me its good that government will regulate regarding cryptocurrenies because if they care and they will regulate this it means that they will fix it and give protection to the investors and to avoid from scammers.

[resty]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

[resty]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

I think regulation of Bitcoin is good for us to protect  the right of all people and to prevent unwanted circumstances like what you said above, in besides all people are something freeway all the time in case we want to do processed Everytime.

[babaya]

I think it's good. There is nothing wrong with KYC as long as we use cryptocurrency in a good way and not abused. Even I think it should add tax regulation to the crypto holders

regulation make investor or member in crypto exchange feel comfort with their money.they will no worries anymore about uncertain ban from goverment.

[Ailmand]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

For me, although it would burden cryptocurrency transactions and business due to the imposition of regulations, I would say that it's still for the better because it could help make cryptocurrency and all activities related to it legit and lawful. At the moment, there are opposing views as to how different countries accept cryptocurrencies, but the moment a law is passed to regulate it, that would signify that such country is recognizing the legitimacy of the market, and is, in a way, protecting the rights of the people that use it.

[mbenga]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

Is quite strange to ask the question like that because I believe those regulations can be both good and bad and it depends on the type of the relation that is put on by the governmental system.

[joromz1226]

I think regulation mean that cryptocurrency is legal in that country.  So it is GOOD.

That's is good if bitcoin will become legal in every country. But if the government will demand tax to all bitcoin/altcoin fanatic, for sure crypto

currencies will no longer decentralize concept instead it will become centralized, which I think is not good for me.

[trand]

I think that everything has both side. And regulation is not always bad. Since the government joins the cryptocurrency world, I believe that they will create a better environment for us where there are less scammer. People will not try to steal other people money because they can easily be caught. On the other hand, we will lose the decentralized system

[Criptomen]

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

There are both positive and negative points

For example, regulation by the state will bring losses cuz need to pay taxes, anonymity will be lost, bureaucratic inconvenience will arise for individuals and legal entities. But, people will get used to it because it will happen gradually, the protection of investors from unscrupulous organizers of ICO will increase, scammers will be pursued, the crypto will be able to develop at the expense of the state, developers will be able to get guaranteed support from the state, etc.

Pluses seem to be more, but I'm afraid of the loss of anonymity and taxes. IMO anonymity is a very important aspect in the world of cryptocurrency.

[mutrang23]

Accepting and legalizing cryptocurrency would be a good thing for all. Cryptocurrency is like any other form of financial investment. It has a lot of risks, but the profit it brings is usually huge, the profit can be several times the initial investment so accepting cryptocurrency is a must.